A 2022 Brookings Institution analysis, commissioned by the Wall Street Journal, estimated that it will cost a married, middle-income couple who have two children $310,605- or $18,271 per year- to raise a child born in 2015 through age 17 . This is an increase of more than nine percent from the amount reported two years earlier.

Answer

In March of 2002, Bloomberg Economics reported that U.S. families are facing a $5200 bill due to inflation.

According to the most recent Consumer Price Index, the cost of energy in our area was up over 40.8 percent, and food prices were up nearly 13.5 percent. Overall, consumer prices are up 8.2 percent over the past 12 months.